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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Real Exam Qty:	60
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Available Languages:	English
Exam Price:	$185.69
Exam Duration:	90 minutes
Exam Format:	Multiple Choice Questions (MCQ), Multiple Selection Questions
Passing Score:	70%
Certificate Validity Period:	N/A
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based exam at CIPS accredited exam centre
Pre Condition:	No mandatory pre-requisites, but candidates are typically working towards or enrolled in the CIPS Level 4 Diploma in Procurement and Supply.
Official Syllabus URL:	https://www.cips.org/students/level-4-diploma

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.
Topic 2	Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.
Topic 3	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 4	Understand the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q187-Q192):

NEW QUESTION # 187
Which of the following payment mechanisms is most beneficial to the buyer?

A. sight draft
B. cash in advance
C. term / time draft
D. open/ credit account

Answer: D

Explanation:
Open account (aka credit account) is most beneficial to the buyer. The supplier delivers the goods then the buyer pays.
Cash in advance is most beneficial to the supplier. The buyer pays for the item before receiving it.
This is a known exam topic.

NEW QUESTION # 188
In the Public Sector, what is the evaluation criteria most often used when evaluating bids fromsuppliers?

A. Best Business Fit
B. Best Value for Money
C. Cheapest Overall Tender
D. Most Economically Advantageous Tender

Answer: D

Explanation:
Most Economically Advantageous Tender (MEAT) is the Public Sector's go to evaluation criteria.
NOTE that this is changing from October 2023. Public Sector Procurement is currently based on legislation called PCR 2015 which itself is based on EU Procurement Directives. Now the UK has officially Brexited, we're making our own laws and the new Procurement Bill will be coming into effect in November 2024. One of the major changes is that MEAT is changing to MAT (most ad-vantageous tender - without the economical bit).
If you're sitting this exam until July 2024- you're fine- learn what the study guide says. If you're taking the exam from November 2024 I'm not sure what students are expected to do. The entire section on public sector procurement is incorrect for you. My best guess is CIPS may remove questions this section as the study guide will be wrong, but I really don't know how they plan to handle this.
The new Procurement Bill - MEAT to MAT - Hempsons - Hempsons

NEW QUESTION # 189
When might a company send a Request for Information (RFI) instead of a Request for Quotation (RFQ)?
(Select TWO)

A. To obtain indicative prices that could be offered for a range of required products
B. To negotiate the payment terms detailed in the terms and conditions of sale
C. To establish the details of environmental and quality certificates that the supplier may have
D. To determine whether the supplier can fulfil a purchase order already placed
E. To ask for details of the product or range of services that the supplier has to offer

Answer: A,C,E

Explanation:
An RFI is an exploratory tool, used to gather information before specifications or tendering. It is appropriate for obtaining indicative pricing (A), understanding the range of products/services (C), and confirming certifications like environmental or quality standards (D). RFQs, by contrast, request firm pricing based on defined specifications. RFIs are not used to renegotiate existing contracts (E) or agree payment terms (B).
Responsible sourcing emphasises using RFIs to identify suppliers aligned with ethical, environmental, and operational expectations before moving to a formal competitive process.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - RFI, RFQ, and ITT differences.

NEW QUESTION # 190
What type of relationship should a buyer seek when making strategic sourcing for their business?

A. collaborative
B. partnership
C. arms-length
D. transactional

Answer: A

Explanation:
The buyer should seek a 'collaborative' relationship. Transactional and arms-length relationships are more suited to tactical sourcing. Partnerships are reserved for joint-ventures.

NEW QUESTION # 191
A buyer has been working with managers on a tender and is now assessing supplier proposals. Is it good practice for the procurement buyer to make sourcing recommendations?

A. No, the buyer's recommendations are not relevant; only managers decide
B. Yes, the procurement buyer can advise on the proposals, but decisions should involve business managers
C. Yes, the procurement buyer should decide independently to avoid conflict of interest
D. No, it is a lengthy and unnecessary step for the procurement buyer

Answer: B

Explanation:
Good governance in procurement requires collaboration. The buyer provides expertise in sourcing methods, evaluation, and compliance with procurement rules, but decisions should also involve business managers who understand operational needs. Acting independently could cause conflict and undermine accountability.
Conversely, leaving all decisions to managers risks bypassing procurement expertise. The best practice is for procurement to advise and recommend, while engaging stakeholders in final award decisions, ensuring transparency, fairness, and shared accountability. This balances compliance with ethical sourcing requirements and operational business needs.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - roles and responsibilities in procurement governance.

NEW QUESTION # 192
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